Michael Hudson: Average Stock Held for 22 Seconds and Average Foreign Currency Position Held for 30 Seconds

Michael Hudson is a highly-regarded economist. He is a Distinguished
Research Professor at the University of Missouri, Kansas City, who has
advised the U.S., Canadian, Mexican and Latvian governments as well as
the United Nations Institute for Training and Research. He is a
former Wall Street economist at Chase Manhattan Bank who also helped
establish the world’s first sovereign debt fund.

Take any stock in the United States. The average time in which you hold a stock is--it's gone up from 20 seconds to 22 seconds
in the last year. Most trades are computerized. Most trades are
short-term. The average foreign currency investment lasts--it's up now
to 30 seconds, up from 28 seconds last month.

but the hedgies live large, there's no denying that, among other things they're scooping up prime real estate at bargain prices from the timid who lost big in the past couple of years - I wonder if Rosie ever bought or if he still rents in Toronto, if he gets the pink slip later this year his house would have appreciated by some 20% but my guess is he has been renting

I sold my IRA rollover. Paid the taxes. Paid off my mortgage. I sold my Roth IRA contributions to buy silver. Left all the chedder in from my Roth IRA big copper minning plays before the 08 blow-up and last year moved most to PSLV. All the free money I have now i buy coins. I just don't care. Paper money is fake. The stock market is rigged and manipulated. I don't want any part of it. I did well but for me it's not about winning. It's about living your life and protesting the machine. Remember. You can die with 10 million in a bank account or you can die with 10 thousand oz of silver/gold. Either way we all die.

On the state/local levels, we need some sanity to the permitting process and local bureaucracies.

tort reforms

Make sure the process for licensing professions is 1) reasonable (do we need cosmetology licenses in some states... are the tests an appropriate reflection of what is needed to practice) 2) transparent and appealable (make sure they release questions and they are fair) 3) fight against protectionism by those already licensed (i've heard that some cpa tests have 50% pass rates. california's bar passage is the same.)

Probably not. You have to be a broker/dealer with zero commissions or better yet, getting paid for order flow, for this to work. On the other hand, pension money is funneling into cotton, crude oil, and Chinese solars. Why does that not fill my heart with everlasting joy?